such empirical heterogeneity. Using a very large sample of world citizens, the author tests the consistency of income … inequality in predicting life satisfaction. The analysis finds that income inequality has a negative and significant effect on … life satisfaction. This result is robust to changes in regressors and estimation choices and also persists across different …

satisfaction is correlated with lesser experience of unpleasant events such as labor market shock or economic distress, mostly in … satisfaction, whereas lower relative position to a reference group leaves one with lower life satisfaction. The paper also finds … substantial regional variation in life satisfaction between European, Balkan, and lower and middle-income Commonwealth of …

In 2013, the Board of Executive Directors of the World Bank Group endorsed two ambitious goals: eliminating extreme … poverty in the world by 2030 and boosting shared prosperity. The latter is defined as fostering the growth in the income of … the poorest 40 percent of the population in each country. In 2016–17, the World Bank's Independent Evaluation Group …

reflects changes in perceived satisfaction with living standards and the ability to have a purposeful and meaningful life …